118 Market Place CirGeorgetown, KY 40324

Property Details for 118 Market Place Cir

Lot size

5.14 AC

Property size (Sq ft)

25,736 SF

Property type

Retail properties

Property subtype

Strip malls

APN

168-30-004.000

APU

16830004000

Description

This exceptional 2,700 square foot retail space, situated within a thriving 125,000 square foot Kroger Marketplace development, presents a unique leasing opportunity in Georgetown, Kentucky. Located at 118 Marketplace Circle, this single-tenant space is part of a bustling shopping center boasting a diverse mix of established national and local businesses, including Rooster's, MOD Pizza, Starbucks, Subway, and many more. The property benefits from high visibility and accessibility, enjoying convenient access from the Georgetown bypass (17,000+ vehicles daily) and US 25 (18,000+ vehicles daily). This prime location is experiencing significant growth, fueled by recent residential, office, hospital, and medical developments. The property is zoned B-2 and is situated in Scott County, Kentucky, the fastest-growing county in the state. This is the only Kroger location in Georgetown and Scott County, ensuring a substantial customer base. The space will be available in May 2025. This presents a remarkable chance to establish a business in a high-traffic, rapidly expanding area. The one-story building offers excellent visibility and ample parking.

• CAP approach

  CAP return

  Valuation

  6%

  $7,030,466

  6.5%

  $6,489,660

  7%

  $6,026,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,601,026

  Geo Method

  $8,054,308

• Alternative Use

  Use

  Valuation

  Residential

  $5,474,272

  Hospitality

  $5,014,403

  Educational

  $4,171,924

  Medical

  $4,315,404

  Retail

  $6,489,660

Location Insight

City

Georgetown

County

Scott

State

Kentucky

Latitude

38.1846

Longitude

-84.5659

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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